Brookfield Asset Management plans to double its Tokyo office space with a move to the landmark Roppongi Hills development, according to people familiar with the matter.
The New York-based investment firm will move to Roppongi in April from its current office in Kasumigaseki, an area home to government agencies, the people said, asking not to be identified because the plans are private. The move will accommodate a Japan team that has doubled in recent years, they said.
Japan has become a key focus for foreign investment firms across markets ranging from public stocks to private equity and real estate as asset prices rebound. Corporate governance reforms, a weak currency and low borrowing costs have fueled investor interest in the nation.
A representative for Brookfield declined to comment. Mori Building, the developer of Roppongi Hills, didn¡¯t immediately reply to a request for comment.
Roppongi Hills was opened by Mori in 2003. The sprawling, multiuse complex includes a 54-story office tower, an art museum, retail shops and dining, and several apartment buildings. It¡¯s situated about a 15-minute drive from the main financial district of Marunouchi.
For years, Roppongi Hills was known in Tokyo¡¯s financial community for being home to the local offices of Goldman Sachs Group and next to one of the capital¡¯s buzziest nightlife areas. The investment bank moved out in 2024 to Toranomon Hills, another Mori development nearby.
Brookfield opened its Japan office about 10 years ago and has recently boosted its business in the country. At the end of 2024, the firm purchased a historic Tokyo hotel and a large plot of land for logistics development in deals worth a combined $1.6 billion. It has also said it intends to expand its insurance business in Japan in the coming years.
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